Question: Does ITC Have Debt?

How much debt does ITC have?

Report Type:ParticularsMar 2020 ( ).CrMar 2019 ( ).CrUnsecured Loans332.0111.13Total Debt332.0111.13Total Liabilities64361.1757960.92APPLICATION OF FUNDS :32 more rows.

What companies are debt free?

List of Debt-Free S&P 500 Companies 2020Updated:12/03/20201ABMDAbiomed2FTNTFortinet3ISRGIntuitive Surgical4MNSTMonster Beverage2 more rows

Is Zero Debt good for a company?

Advantages of debt-free firms During economic slowdown, many a debt-heavy firm’s profits dip owing to falling sales and payment of fixed interest while companies with no debt or less debt need not worry about the same. Thus, they have low interest rate risk.

Is Facebook Debt Free?

By 2021 the company could be approaching an Apple-like $100 billion in cash, and unlike Apple, Facebook has no long-term debt.

Which Indian companies are debt free?

Top Debt Free Companies in India 2020Hindustan Unilever.HDFC Life Insurance.SBI Life Insurance.ICICI Prudential Life Insurance.HDFC AMC.Bajaj Holdings & Investment Limited (BHIL)SKF India.Maharashtra Scooters.More items…•

Which are the best stocks to invest in India?

(Updated: 26-Dec-2020)SLNamePrice (Rs.)1HDFC Bank1,397.102Deepak Nitrite9083Oracle Financial Serv3,220.004Britannia Industries3,618.253 more rows

Does ITC give dividend?

Dividend for the financial year ended 31st March, 2020 The Members of the Company, at the 109th AGM held on 4th September, 2020, declared dividend of Rs. 10.15 per Ordinary Share of Re. 1/- each for the financial year ended 31st March, 2020.

Is L&T debt free?

L&T had a consolidated debt of Rs 1.24 trillion as of March 2019, with the finance cost of Rs 9,354 crore last year. The consolidated debt includes a debt of Rs 91,504 crore of its finance company. … Our standalone debt after reducing cash is not high for the size of the organisation.

What is net debt free company?

So, when a business says it is net debt-free, that does not mean it has repaid all its borrowings. The debt is very much there until it is actually paid off. To be sure, a business can be net-debt free even without paying off debt; all it needs to do is to keep cash equal to debt.

Why did Ashok Leyland fall down?

Amid protests from the minority shareholders and a telling rout in stock prices, the Ashok Leyland NSE 0.05 % board has decided to acquire a lower stake in its subsidiary, Hinduja Leyland Finance (HLFL), slashing the investment to less than a third of the Rs 1,200 crore initially proposed.

Is Dmart debt free?

Adjusting for depreciation, the retailer made Rs 480-crore cash profit in the quarter. At this rate, the company may have a significant cash balance by the end of FY20, with negligible or no net debt.

Why is Infosys not in debt?

Infosys is a debt-free company. It doesn’t have any outstanding debt or fixed deposits. The company presently generates sufficient cash internally to finance all its operational, financing and investment requirements.

Is ITC debt free company?

ITC Ltd – Quantitative Analysis The Company is virtually debt free. Amidst the current lockdown due to COVID-19 pandemic, the debt-free companies have an extra edge over its peers by the investors. The concern of repaying the interest on the Loans amid dampened revenue and cash flows would not be the case for ITC.

Is ITC a good buy?

100% professionaly managed,transparency in business, high ethics,good policy to reward investors….all make ITC a good bet to buy with a long term perspective. Now is the best time to buy. One will give advice to buy ITC only with vested interest.

Is Ashok Leyland debt free?

Commercial vehicle manufacturer Ashok Leyland Ltd. is expected to be a debt-free company in two years’ time, as it expects a pick-up in volumes from the third quarter of FY21, a top company executive said. … ALL had a net debt of ₹2,000 crore during March 2020.

Is it good to invest in Ashok Leyland?

According to my valuation model, Ashok Leyland seems to be fairly priced at around 3.3% below my intrinsic value, which means if you buy Ashok Leyland today, you’d be paying a reasonable price for it. … This is based on its high beta, which is a good indicator for share price volatility.